Aktien Sensor

New China Life Insurance has reported a 100%+ increase in net profit, driven by improved investment returns and a surge in sales, solidifying its position as a leader in the Chinese insurance market.

New China Life Insurance Co Ltd’s stock price surged 1.8% on March 14, 2024, in tandem with the broader market’s 1.8% and 2.2% gains in the Shanghai Composite and ChiNext Indices, respectively.

New China Life Insurance has invested 500 billion yuan in China’s stock market through its private equity fund, Hunghui Fund, leading the charge in the country’s stock market and paving the way for other insurance companies to follow.

New China Life Insurance solidifies its position in the market with the successful acquisition of CBA’s stake in Bank of Hangzhou for $594 million.

New China Life Insurance solidifies its position in the market with the successful acquisition of CBA’s stake in Bank of Hangzhou for $594 million.